Question: During the year, Eugene had the four property transactions summarized below. Eugene is a collector of antique glassware and occasionally sells a piece to get

During the year, Eugene had the four property transactions summarized below. Eugene is a collector of antique glassware and occasionally sells a piece to get funds to buy another. What are the amount and nature of the gain or loss from each of these transactions?

Adjusted Sales Date Acquired 06/18/03 Price $42,000 22,000 38,000 13,000 Property Date Sold Basis 05/23/14 $37,000 Antique vase Blue Growth Fund (100 shares) Orange bonds Green stock (100 shares) 12/23/05 02/12/06 02/14/14 11/22114 04/11/14 11/23/14 34,000 11,000 42,000*

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